KATHMANDU, Aug 5: The US dollar has inched upward as Nepal Rastra Bank (NRB) rolled out its updated foreign exchange rates for Tuesday. The central bank pegged the buying rate at Rs 139.96 and the selling rate at Rs 140.56 — both slightly higher than Monday’s rates of Rs 139.77 and Rs 140.37, respectively. The modest gain reflects a continued strengthening of the greenback in the local currency market.
The Euro is being traded at Rs 162.07 for buying and Rs 162.77 for selling. Similarly, the UK Pound Sterling has a buying rate of Rs 186.23 and a selling rate of Rs 187.03. The Swiss Franc is valued at Rs 173.41 for buying and Rs 174.15 for selling.
Among other major currencies, the Australian dollar is being exchanged at Rs 90.70 (buying) and Rs 91.09 (selling), while the Canadian dollar is at Rs 101.59 (buying) and Rs 102.03 (selling). The Singapore dollar’s buying rate is Rs 108.74 and the selling rate is Rs 109.21.
Revised interest rate corridor system introduced
The NRB has set the Japanese Yen at Rs 9.49 for buying and Rs 9.53 for selling per 10 units. The Chinese Yuan is set at Rs 19.50 (buying) and Rs 19.59 (selling), while the Saudi Arabian Riyal stands at Rs 37.31 and Rs 37.47, respectively. The Qatari Riyal is being exchanged at Rs 38.40 (buying) and Rs 38.56 (selling).
The Thai Baht has been fixed at Rs 4.32 for buying and Rs 4.34 for selling. The UAE Dirham is traded at Rs 38.10 and Rs 38.27 and the Malaysian Ringgit is at Rs 33.03 and Rs 33.17, respectively. The South Korean Won is set at Rs 10.12 (buying) and Rs 10.16 (selling) per 100 units.
In terms of Scandinavian currencies, the Swedish Krona is valued at Rs 14.50 (buying) and Rs 14.56 (selling) and the Danish Krone at Rs 21.72 and Rs 21.81, respectively. The Hong Kong dollar stands at Rs 17.83 (buying) and Rs 17.91 (selling).
Among Middle Eastern currencies, the Kuwaiti Dinar has a buying rate of Rs 458.10 and a selling rate of Rs 460.07, while the Bahraini Dinar is traded at Rs 371.25 and Rs 372.84, respectively. The Omani Riyal is exchanged at Rs 363.52 for buying and Rs 365.08 for selling.
The exchange rate for 100 Indian rupees has been fixed at Rs 160 for buying and Rs 160.15 for selling.
The NRB has stated that these rates are subject to revision at any time as necessary. The central bank also mentioned that commercial banks may offer slightly different rates, and the most updated rates are available on the central bank’s official website.
